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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: DRRISK who wrote (9679)	3/3/1999 12:20:00 PM
From: David R. Evans	Respond to of 12039

I guess I just do not know what to look for but I see nothing on the COMS chart that would tell me to buy....... In fact, I think I would be SHORT on this one... Dave Evans

To: DRRISK who wrote (9679)	3/3/1999 1:13:00 PM
From: Sean W. Smith	Respond to of 12039

DrRisk, It doesn't meet my criteria and therefore I really don't find it interesting. I would not consider going long or short on it because its doesn't meet my style. Sean

To: DRRISK who wrote (9679)	3/3/1999 9:20:00 PM
From: Stuart T	Read Replies (1) \| Respond to of 12039

DRRISK: I'm still fairly new in the TA area but looking at the COMS chart I can see you know little about TA. I have also been watching COMS since its latest breakdown and the chart and my indicators says its still crap and to stay away. Forget trying to pick the lowest bottom and the highest top. Wait and grab a good chunk of meat and move on. When BGP crashed about a month ago my friend was going to bottom fish it when it was around 18. My TA said to stay away and he did. BGP is now at 14 1/2, it actually went up 1/2 today. TA may not always be correct but it shifts the odds in your favor. If you want to have some dead money for the next few months, go for it. Better to learn to read the charts and the indicators and avoid the dead money blues.